Question

roject- Worth 22 points Saved Great Adventures Problem AP4-1 An examination of the cash activities during the year shows the following. GREAT ADVENTURES Cash Account Records July 1, 2021, to December 31, 2021 Cash Receipts Desc. Stock sale Cash Disbursements Desc. Insurance Date Check Amount Date Amount 7/1 7/15 7/22 $ 30,000 7/1 1,800 7/2 2,760 7/7 3,600 7/8 32,000 7/24 101 102 $5,040 1,600 320 clinic receipts clinic receipts Clinic receipts Borrowing clinic receipts clinic receipts clinic receipts Clinic receipts Race receipts Legal fees Advertising Bikes DC 103 7/30 12,200 720 8/1 Advertising Kayaks office supplies DC 8/10 5,100 30,800 1,820 2,640 8/4 104 DC 8/17 11,900 8/24 13,400 9/1 18,100 12/8 30,000 12/16 12/31 12/31 9/21 10/17 12/15 105 106 Rent Race perait Salary Dividend Dividend 1,220 2,000 3,000 3,000 $64,360 107 108 109 $148,668 Sunmary of Transactions Ending Cash Balance December 31, 2021 $84,300 Begining Cash Balance July 1, 2021 Cash Disbursements $64,360 Cash Receipts $148,660 Suzie has not reconciled the company's cash balance with that of the bank since the company was started. She asks Summit Bank to provide her with a six-month bank statement. To.save time, Suzie makes deposits at the bank only on the first day of each month. Member FDIC SUPPAIT BANK Leading You to the Top

Answer 1

			Great Adventures Inc
			Bank Reconciliation
			December 31,2018
	Bank's cash balance				Company's cash balance
	per bank statement			62,500	per general ledger			84,300
	Deposit in transit			30,000	interest earned			300
	checks oustanding			-8000	Service fees			-100
	Bank balance per reconciliation			84,500	Company bal per reconciliation			84,500
2b)	Date	General Journal				Debit	Credit
1)	12/31/2018	cash				300
		interest earned					300
2)	12/31/2018	service fee				100
		cash					100